VKPCPIR-Sure to spur growth in Vizag

         The  Visakhapatnam – Kakinada Petroleum, Chemicals and Petrochemical Investment Region  Coming up between Vizag & Kakinada  has huge potential for triggering  growth in the zone & thus bringing a fortune to Vizag by attracting  huge investments to the city. This is also expected to give big thrust to the development of infra & real estate projects along the Kakinada to Vizag coastal corridor. With this Vizag is going to transform into industrial metropolis in the East Coast.

         Andhra Pradesh (Visahhapatnam) is one among the six destinations in the country which has been sanctioned for setting up PCPIR projects, the others being Gujarat, West Bengal, Karnataka, Tamilnadu & Odisha.

         VKPCPIR is a specifically delineated investment region planned for setting up manufacturing facilities for domestic & export led production of petroleum, chemicals & petrochemicals together with associated services & infrastructure.

Growth Prospects:
         VKPCPIR is designed to encourage multi - product and product- specific Special Economic Zones and projects mostly under Public-Private Partnership route.

       The project is expected

This project  proposes to develop the region as

• A petroleum & chemical hub
• An export hub to markets in South-east Asia, China & Australia.

Highlights of VKPCPIR:

1. Investment:

• HPCL & GMR Consortium. - Anchor investors’investment Commitment of Rs.73,000 Crores.
• Central Govt’s commitment of Rs 3.45 lacs crores .
• State Govt’s commitment of Rs. 21,132 Crores for Physical infrastructure.
• Private Parties’ commitment of Rs.10,565 Crores.
• Public private Partnership  commitment of   Rs.6,334 Crores.

State Governments Plan:

                 Total Outlay - Rs. 21,132 crores.

• 19 000 crore for basic infrastructure projects to provide  external linkages of roads, railways , National Highways, Ports, Airports & Telecom to the region.
• Rs.525 crore for power projects.
• Rs.930 crore for Water supply projects.
• 677 crore for developing existing roads & ports in the Region.

2. Advantages:

• Spread over a vast area  of 603.58 Sq.Km.
• Total land for development -7600 hectares.
• Land available for allotment- 6240 hectares.
• 5 SEZ s within the corridor.
• Long coast line of 140 Km & transportation through sea route.
• Vicinity of the Port.
• Proximity to the Krishna – Godavari Basin.
• Three major refineries within  the region.
• Good supply of water, power & huge gas reserves.
• Availability of feedstock.
       
       With all the above advantages, VKPCPIR has the most promising future.

3. Development in & around Vizag due to VKPCIR:

• 6 Laning  190 Km of Vizag – Rajahmundry  Highway.
• 4 Laning  of Anakapalli - Atchuthapuram.
• 4 Laning of Vizag Steel Plant - Yellamanchili & Annavaram.
• 4 Laning of Vizag - Araku.
• 4 Laning Between Kathipudi- Kakinada port.
• 4 Laning of  National Highway 214.
• Construction of an access controlled PCPIR expressway to  connect Visakhapatnam, Kakinada &   Gangavaram ports.
• 26 Km. Rail link between APSEZ & Gangavaram.
• International airport at S.Rayavaram.
• Development of 12  SEZs in the two districts.

                   
5. Projects in Pipeline in VKPCPIR zone:

        Companies with committed  investments are

• HPCL,
•  LG Polymers (I) pvt.ltd.,
• Coromandel Fertilisers ltd.,
• Andhra Petrochemicals ltd.,
• Rain commodities ltd.,
• Godavari Fertilisers & Chemicals ltd.,
• Nargarjuna Fertilisers & Chemicals ltd.,
• Baker Hughes
• Gangavaram Port ltd
• Visakhapatnam port trust
• Hinduja power project
• Continental carbon India ltd
• Velankani chemicals
• Indian strategic petroleum reserve ltd
• Air liquid India
• Southern online biotechnologies
• BARC Center.
• Alternative naval base.
• Naval academy.
• Pharma City with Pharma SEZ.,
• Hetero Pharma SEZ.,
• Vizag – Kakinada SDZ.
• Several Fortune 500 Companies of the globe have evinced interest in investing at the  region in addition to  Mittals, Reliance, Aditya Birla Group, Ambujas, Tatas, ONGC ,BPCL etc.